Climate change and economic activity: evidence from US states

Kamiar Mohaddes, Ryan N C Ng, Mohammad Pesaran, Mehdi Raissi and Jui-Chung Yang

Oxford Open Economics, 2023, vol. 2, 28-46

Abstract: We investigate the long-term macroeconomic effects of climate change across 48 US states over the period 1963–2016 using a novel econometric strategy that links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various state-specific economic performance indicators at the aggregate and sectoral levels. We show that climate change has a long-lasting adverse impact on real output in various states and economic sectors, and on labour productivity and employment in the United States. Moreover, in contrast to most cross-country results, our within US estimates tend to be asymmetrical with respect to deviations of climate variables (including precipitation) from their historical norms.

Keywords: climate change; economic growth; adaptation; United States (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/ooec/odac010 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Climate Change and Economic Activity: Evidence from U.S. States (2022)
Working Paper: Climate Change and Economic Activity: Evidence from U.S. States (2022)
Working Paper: Climate Change and Economic Activity: Evidence from U.S. States (2022)
Working Paper: Climate change and economic activity: Evidence from US states (2022)
Working Paper: Climate change and economic activity: evidence from US states (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ooecxx:v:2:y:2023:i::p:28-46.

Access Statistics for this article

Oxford Open Economics is currently edited by Professor Ugo Panizza

More articles in Oxford Open Economics from Oxford University Press
Bibliographic data for series maintained by Oxford University Press ().